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好未来:2026 财年第三季度回顾 —— 商业模式验证季;学习服务盈利能力增强,抵消成本不确定性;买入
2026-01-30 03:14
30 January 2026 | 1:52AM HKT Equity Research TAL Education Group (TAL) 3QFY26 Review: A proof of business model quarter; Stronger learning services profitability to offset memory cost uncertainties; Buy | | | On the 3QFY26 earnings call (First Take), TAL management framed a few key themes: 1) AI-driven learning products: AI advancements are fundamentally transforming the education technology landscape, while TAL is developing AI agent full stack capabilities across diverse learning scenarios (e.g. AI assist ...